The Goods and Services Tax (GST) Assistance Scheme is an initiative that falls within SPRING Singapore’s Capability Development track. This is an assistance scheme for Singapore’s local businesses:

• that have opted for voluntary GST registration with the Inland Revenue Authority of Singapore (IRAS);  and
• who wish to set up or improve their accounting system and processes to be GST-compliant.

In a nutshell, the SPRING Singapore GST Assistance Scheme supports up to 100% of accounting software costs, and 50% of the qualifying costs for the following cost items – subject to a maximum grant of $5,000 per company:

• professional fees and training costs charged by third party IT consultants;
• hardware costs; and
• one time activation charges and up to 1 year of subscription fees for a new Internet connection

More details about this scheme may be found at this link: SPRING Singapore GST Assiatance Scheme